PACS Group (NYSE:PACS) Director Sells $577,253.25 in Stock

PACS Group, Inc. (NYSE:PACSGet Free Report) Director Mark Hancock sold 12,825 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $45.01, for a total transaction of $577,253.25. Following the completion of the sale, the director owned 54,087,979 shares in the company, valued at $2,434,499,934.79. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Hancock also recently made the following trade(s):

  • On Monday, July 6th, Mark Hancock sold 142,163 shares of PACS Group stock. The stock was sold at an average price of $45.33, for a total value of $6,444,248.79.
  • On Wednesday, July 1st, Mark Hancock sold 6,080 shares of PACS Group stock. The shares were sold at an average price of $45.02, for a total transaction of $273,721.60.
  • On Friday, June 26th, Mark Hancock sold 61,931 shares of PACS Group stock. The shares were sold at an average price of $40.50, for a total transaction of $2,508,205.50.
  • On Thursday, June 25th, Mark Hancock sold 138,069 shares of PACS Group stock. The stock was sold at an average price of $40.33, for a total value of $5,568,322.77.
  • On Wednesday, June 17th, Mark Hancock sold 63,680 shares of PACS Group stock. The stock was sold at an average price of $35.31, for a total value of $2,248,540.80.
  • On Tuesday, June 16th, Mark Hancock sold 83,066 shares of PACS Group stock. The shares were sold at an average price of $35.90, for a total value of $2,982,069.40.
  • On Monday, June 15th, Mark Hancock sold 153,254 shares of PACS Group stock. The shares were sold at an average price of $36.34, for a total value of $5,569,250.36.

PACS Group Price Performance

Shares of PACS opened at $43.93 on Thursday. PACS Group, Inc. has a 1 year low of $7.50 and a 1 year high of $45.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.30 and a beta of -0.08. The business has a 50-day moving average of $37.72 and a 200-day moving average of $36.84.

PACS Group (NYSE:PACSGet Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.36 billion. PACS Group had a return on equity of 26.47% and a net margin of 4.49%. As a group, equities research analysts anticipate that PACS Group, Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Zacks Research cut shares of PACS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Truist Financial upped their price target on shares of PACS Group from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Oppenheimer increased their price target on PACS Group from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of PACS Group in a research report on Wednesday, June 24th. Finally, UBS Group boosted their price objective on PACS Group from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.60.

View Our Latest Research Report on PACS Group

Institutional Investors Weigh In On PACS Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of PACS Group in the 4th quarter valued at about $27,000. Quarry LP raised its stake in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after buying an additional 1,058 shares during the period. Larson Financial Group LLC boosted its holdings in PACS Group by 127.0% in the fourth quarter. Larson Financial Group LLC now owns 1,094 shares of the company’s stock worth $42,000 after acquiring an additional 612 shares in the last quarter. KBC Group NV acquired a new stake in PACS Group in the first quarter valued at approximately $42,000. Finally, Western Wealth Management LLC acquired a new stake in PACS Group in the first quarter valued at approximately $48,000.

About PACS Group

(Get Free Report)

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.

Further Reading

Insider Buying and Selling by Quarter for PACS Group (NYSE:PACS)

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